To Recommended a dividend of Rs. 0.60 per Share having face value of Rs.10/- each for the financial year 2025-26 subject to the approval of shareholders at the ensuring annual general Meeting.
SHIVATEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.6 pts less than Nifty Microcap 250 and 3.6 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shiva Texyarn Ltd's Board has recommended a dividend of Rs. 0.60 per share (6% on face value of Rs.10) for FY2025-26, subject to shareholder approval at the ensuing AGM. The company reported standalone profit before tax of Rs. 1,299.61 lakhs and consolidated profit of Rs. 1,348.40 lakhs for the year ended March 31, 2026. The auditors issued an unmodified opinion on the financial statements. The Board also approved appointments of senior management personnel including a new COO and President for Strategic Affairs, proposed amendments to the Memorandum and Articles of Association, and appointed a Cost Auditor for FY2026-27. Short-term borrowings decreased significantly from Rs. 7,273.16 lakhs to Rs. 5,157.81 lakhs, while cash balances improved to Rs. 693.43 lakhs.
The modest 6% dividend signals stable but conservative returns for shareholders. The reduction in borrowings and improved cash position indicate improved financial health, though the dividend yield remains relatively low.